NPC Tasked with Facilitating Petchem Investment: Min.

NPC Tasked with Facilitating Petchem Investment: Min.
(Saturday, November 24, 2018) 18:21

TEHRAN (NIPNA) -- Iranian Minister of Petroleum Bijan Zangeneh said the National Petrochemical Company (NPC) was tasked with facilitation of investment processes in petrochemical projects across the country.

He said the biggest and most urgent responsibility of the NPC was to set the ground and facilitate investment in the petrochemical sector.

 Speaking on Wednesday, the official welcomed Mr. Behzad Mohammadi as the new CEO of the company, expressing gratitude for the services provided by Reza Norouzzadeh who left office at the helm of the company.

 Mr. Zangeneh added that a total of 20 billion dollars worth of petrochemicals was being produced in Iran’s annually, adding the figure could double once the required feedstock and ethane is provided to the sector.

 He also underlined the major role played by petrochemical companies in restoring balance in the currency market of the country recently.  

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